288,000 Shares in Equitable Holdings, Inc. $EQH Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Equitable Holdings, Inc. (NYSE:EQH) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 288,000 shares of the company’s stock, valued at approximately $12,637,000.

Several other institutional investors have also made changes to their positions in the business. Empowered Funds LLC bought a new stake in Equitable in the second quarter valued at about $874,000. United Capital Financial Advisors LLC bought a new stake in shares of Equitable in the 2nd quarter valued at approximately $413,000. Glazer Capital LLC acquired a new position in shares of Equitable in the 2nd quarter worth approximately $219,000. Equitable Holdings Inc. bought a new position in shares of Equitable during the 2nd quarter worth approximately $774,000. Finally, Jefferies Financial Group Inc. bought a new stake in Equitable in the second quarter valued at $1,167,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Equitable news, Director Bertram L. Scott sold 2,470 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $41.08, for a total transaction of $101,467.60. Following the sale, the director directly owned 27,931 shares of the company’s stock, valued at approximately $1,147,405.48. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Pearson sold 39,700 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the completion of the sale, the chief executive officer owned 753,403 shares of the company’s stock, valued at approximately $36,570,181.62. This represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 114,541 shares of company stock worth $5,357,784. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore restated an “outperform” rating and issued a $66.00 target price on shares of Equitable in a research note on Thursday, August 20th. Wells Fargo & Company increased their price objective on shares of Equitable from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Wolfe Research cut shares of Equitable from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Mizuho set a $68.00 target price on shares of Equitable in a research report on Thursday, August 6th. Finally, UBS Group increased their price target on shares of Equitable from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Equitable Stock Performance

Shares of EQH opened at $50.15 on Friday. The firm has a fifty day simple moving average of $48.30 and a 200 day simple moving average of $43.58. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.15. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of -15.15, a PEG ratio of 0.49 and a beta of 1.09.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company’s quarterly revenue was down 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. Research analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, August 3rd. Equitable’s dividend payout ratio (DPR) is currently -36.25%.

Equitable Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.